Economic Issues Simulation Paper.docx

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Running head: ECONOMIC ISSUES PAPER 1 Economic Issues Paper Jabetha Greer HCS/440 October 17, 2016 Jonathan Foskett
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ECONOMIC ISSUES PAPER 2 Economic Issues Paper People understand that insurance is important, which is why they use it to assure coverage of the risks in the future. Minimizing these risks becomes easier with the purchase of insurance. A good example can be a person purchasing insurance for the sake of having something to fall back on during a major loss. This allows for the person to be confident of having a normal premium. Many companies have insurance to be a form of profit, which is rather ironic. Insurance can be full of profit. The premium gained out of the probability from one loss can bring on a high possibility of the same event occurring. Castor Collins Health Plans Insurance is meant to allow consumers to pay regularly for preparation in the case of risks or losses. Two plans are available to the Caster Collins clients. The first plan, the standard plan, does not cover prior conditions. The second plan, the Castor
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